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Originally Posted by Joe G.
It seems that many of us who researched or went through the process in the past are unaware of recent developments by the IRS. The 1023ez form is available for organizations which expect gross receipts of less than $50,000 over the next three years. Estimated as taking 2-4 weeks to be processed. |
Thanks for the information on the EZ form. I think this would suit a small number of FRC teams, however. Many routinely pull in $50,000 or more a season. I feel it would be in the best interest of any team or group of teams looking to form a 501(c)(3) to file the full 1023 form.